Chemicals, Olefins

February 19, 2024

Platts proposes to launch daily US ethanolamines spot assessment

Platts, part of S&P Global Commodity Insights, proposes to launch three grades of ethanolamines -- monoethanolamine (MEA), diethanolamine (DEA) and triethanolamine (TEA) -- assessments for the US, effective April 1, 2024.

The proposed assessments, to be published in US cents/pound on a daily basis, would factor the latest information sourced from the market up to the close of the Platts Market on Close assessment process at 1:30 pm US Central time, including firm bids and offers, trades and indicative values, as well as any other data deemed relevant to the assessment process.

Details of the proposed assessments are as follows:

MEA DEA TEA
Basis and location: FCA USGC FCA USGC FCA USGC
Cargo size 200mt – 2kt 200mt – 2kt 200mt – 2kt
Laycan 3 weeks forward loading 3 weeks forward loading 3 weeks forward loading
UOM Cts/lb Cts/lb Cts/lb
Product specifications: Min 99% purity Min 99% purity Min 99% purity

Market information with non-standard specifications may be considered and normalized to the stated standards.

Please send any questions, comments or feedback by March 5, 2024 to petchems@spglobal.com with a copy to pricegroup@spglobal.com.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.